Smart calculators for independent professionals
Determine sustainable consulting rates based on your experience level and financial goals.
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Consultants sell expertise, not just time — but you still need to know your hourly floor. This calculator is set up for an experienced independent consultant billing around 25 hours per week. Adjust the numbers to see how different income targets and utilization rates affect what you need to charge.
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Independent consultants in the US typically charge $100–$350/hour depending on industry and specialization. Management and strategy consultants trend higher ($150–$400+), while operations and implementation consultants may charge $75–$200.
A common rule of thumb is to take your hourly salary equivalent and multiply by 2–3x. This accounts for self-employment tax, benefits you no longer receive, unpaid time, and business expenses. This calculator gives you a more precise answer.
Retainers provide income stability and are popular with clients who need ongoing support. Offer a 10–15% discount on your hourly rate for retainer commitments of 20+ hours/month. It's a win-win: predictable income for you, priority access for them.
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Disclaimer
This calculator provides estimates for planning purposes only. Your actual tax obligations and expenses depend on your jurisdiction, deductions, and individual circumstances. Consult a tax professional for personalized advice.